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|   | 8. | **INSURANCE**.  |

 a. The Aircraft shall be at
Lessee’s risk throughout this Agreement; provided, however, that Lessee shall secure and maintain in effect, at Lessee’s expense throughout the Term, insurance policies reasonably acceptable to Lessor covering the Aircraft as follows:


  




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| --- | --- | --- |
|   | (1) | Hull coverage in the name of Lessee including all risks, both in flight and not in flight, with a “loss payable” clause and a breach of warranty endorsement and a waiver
of subrogation, to the extent that Lessee has waived its rights of subrogation under this Agreement, in favor of Lessor and other customary endorsements reasonably requested by Lessor including coverage during the periods of time when Lessor is
using the Aircraft; provided that if repairs of damage are made, Lessee agrees to pay the deductible amount as provided in the policy covering the Aircraft; and  |

  




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| --- | --- | --- |
|   | (2) | Liability insurance including passenger liability written in the name of Lessee and naming Lessor as an additional insured, including coverage for Lessor during the periods of time
where Lessor is using the Aircraft.  |

 b. Lessee shall deliver certificates of insurance to Lessor specifying all coverage
required herein, in form and substance reasonably satisfactory to Lessor. Lessee shall cause certificates of insurance to be issued which list Lessor, its officers, directors, employees and agents as additional insureds, and agrees to cause to be
issued such additional certificates of insurance from time to time as may reasonably be required by Lessor to name other parties as may be identified by Lessor as additional insureds.